Temasek Holdings Pte, Singapore’s state-owned investment company, said the value of its assets climbed 3.8 percent to a record last fiscal year and profit more than doubled on increased contributions from its holdings.
Temasek’s assets climbed to S$193 billion ($157 billion) in the year to March 31, surpassing last year’s record of S$186 billion, the firm said in its annual report today. Net income jumped to S$12.7 billion from S$4.6 billion a year earlier……………………………………….Full Article: Source